Rider related

1. What does rider on an insurance policy mean? + -

A life insurance rider enhances the scope of protection offered by the base life insurance policy by providing multiple additional benefits and more protection against risks. They are optional and can be added to base policy by paying a nominal additional premium. Examples- Critical Illness Rider, Term Rider, Accidental Death Disability and Dismemberment Rider etc.

2. Why critical illness insurance is important? + -

A critical illness insurance policy is essential to protect you against the risks of life-threatening diseases like heart attack, cancer, kidney failure, paralysis etc. Critical illness insurance ensures that your family is not burdened with high medical expenses.

3. What is covered under critical illness insurance? + -

A critical illness insurance typically covers you against the risk of life-threatening diseases such as cancer, heart attack, kidney failure, paralysis, coma etc. You’ll be paid a lump-sum if you’re diagnosed with any of the major illness as listed in the critical illness cover.

4. What is a term rider on life insurance?+ -

A term rider can be added to a life insurance policy and it helps to increase the life insurance cover. In other words, these riders provide extra coverage over the initial sum assured / death benefit.

5. What is accidental death, disability and dismemberment rider?+ -

In accidental death, disability and dismemberment rider 100% of the rider sum assured will be paid to the nominee in case of accidental death of the insured person, while a percentage is paid if an accident results in permanent disability or dismemberment. You can buy accidental death insurance plans to add to your new or existing life insurance policy with a nominal addition to your premium amount.

Rider related

1. What does rider on an insurance policy mean? + -

2. Why critical illness insurance is important? + -

3. What is covered under critical illness insurance? + -

4. What is a term rider on life insurance?+ -

5. What is accidental death, disability and dismemberment rider?+ -

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